We've seen it before:
1) Market maker showed where is the bottom for ICP with a strong volume candle
2) Price been consolidating in the range of $42-52
3) Now it's above 10 and 20 day SMA with Anchored VWAP (pink line) starting to uptrend, showing that we step in the zone of bulls prevalence
4) The same VWAP line can work as resistance, so I see the first target as $90-100
1) Market maker showed where is the bottom for ICP with a strong volume candle
2) Price been consolidating in the range of $42-52
3) Now it's above 10 and 20 day SMA with Anchored VWAP (pink line) starting to uptrend, showing that we step in the zone of bulls prevalence
4) The same VWAP line can work as resistance, so I see the first target as $90-100
Trade active:
1 month of waiting but it's worth it.
Breakout of the wedge and next resistance at $70. I sold 50% at $56, move stop-loss to breakeven
Breakout of the wedge and next resistance at $70. I sold 50% at $56, move stop-loss to breakeven
Trade closed: target reached:
Sold the rest of position cause the price reached it's target. Could add again if it breaksup, but would deem it as a separate trade.